In September 2023, the output of Pakistan’s Large Scale Manufacturing Industries (LSMI) increased by 1.01 percent compared to September 2022. However, it witnessed a decrease of 3.56 percent compared to August 2023, as reported by the Pakistan Bureau of Statistics (PBS) on Wednesday.
Overall, the Large Scale Manufacturing Sector exhibited a growth of 0.68 percent during July-September 2023-24 compared to the same period last year.
The provisional quantum indices of Large Scale Manufacturing Industries (LSMI) for September 2023, based on the 2015-16 data, were developed using the latest information from source agencies.
Key contributors to the overall growth of 0.68 percent include Food (0.61), Tobacco (-0.71), Textile (-4.26), Garments (5.47), Petroleum Products (0.86), Chemicals (0.16), Pharmaceuticals (1.81), Cement (0.84), Iron & Steel Products (-0.11), Electrical Equipment (-0.47), Automobiles (-1.45), Paper & Board (-0.18), and Furniture (-2.09).
Comparing production in July-September 2023-24 to July-September 2022-23, increases were observed in Food, Beverages, Wearing apparel, Coke & Petroleum Products, Chemicals, Fertilizers, Pharmaceuticals, Non-Metallic Mineral Products, Machinery and Equipment, and Other Manufacturing (Football). However, decreases were noted in Tobacco, Textile, Iron & Steel Products, Electrical Equipment, Automobiles, Other Transport Equipment, and Furniture.
